Fidelity National Information Services (NYSE:FIS) Given New $95.00 Price Target at Royal Bank of Canada

Fidelity National Information Services (NYSE:FIS) had its price objective dropped by investment analysts at Royal Bank of Canada from $104.00 to $95.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the information technology services provider’s stock. Royal Bank of Canada’s price target suggests a potential upside of 34.93% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Morgan Stanley lowered their price objective on Fidelity National Information Services from $92.00 to $86.00 and set an “equal weight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on Fidelity National Information Services from $89.00 to $99.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Raymond James cut Fidelity National Information Services from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the stock from $115.00 to $101.00 in a research report on Monday, January 6th. BNP Paribas cut Fidelity National Information Services from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 20th. Finally, Mizuho upped their price objective on Fidelity National Information Services from $91.00 to $104.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $87.95.

Fidelity National Information Services Trading Down 3.0 %

FIS opened at $70.41 on Wednesday. Fidelity National Information Services has a 12 month low of $61.62 and a 12 month high of $91.98. The stock has a market capitalization of $37.90 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 0.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.18 and a quick ratio of 1.18. The business has a fifty day moving average price of $80.83 and a 200 day moving average price of $82.87.

Fidelity National Information Services (NYSE:FIS) last released its earnings results on Tuesday, February 11th. The information technology services provider reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. Fidelity National Information Services had a return on equity of 15.35% and a net margin of 14.37%. During the same quarter in the previous year, the business posted $0.94 earnings per share. Sell-side analysts expect that Fidelity National Information Services will post 5.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Fidelity National Information Services

In other Fidelity National Information Services news, Director Jeffrey A. Goldstein bought 701 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was acquired at an average cost of $79.97 per share, with a total value of $56,058.97. Following the purchase, the director now owns 11,098 shares in the company, valued at approximately $887,507.06. This represents a 6.74 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fidelity National Information Services

A number of large investors have recently modified their holdings of the business. CANADA LIFE ASSURANCE Co raised its stake in shares of Fidelity National Information Services by 0.7% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 484,674 shares of the information technology services provider’s stock worth $39,135,000 after buying an additional 3,145 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Fidelity National Information Services by 5.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 336,763 shares of the information technology services provider’s stock worth $27,200,000 after buying an additional 17,105 shares in the last quarter. Farringdon Capital Ltd. purchased a new position in shares of Fidelity National Information Services during the 4th quarter worth approximately $945,000. Marshall Wace LLP grew its holdings in shares of Fidelity National Information Services by 13,947.5% in the 4th quarter. Marshall Wace LLP now owns 449,800 shares of the information technology services provider’s stock worth $36,330,000 after acquiring an additional 446,598 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Fidelity National Information Services by 4.5% in the 4th quarter. NewEdge Advisors LLC now owns 58,207 shares of the information technology services provider’s stock worth $4,701,000 after acquiring an additional 2,484 shares during the period. 96.23% of the stock is owned by hedge funds and other institutional investors.

About Fidelity National Information Services

Fidelity National Information Services, Inc engages in the provision of financial services technology solutions for financial institutions, businesses, and developers worldwide. It operates through Banking Solutions, Capital Market Solutions, and Corporate and Other segments. The company provides core processing and ancillary applications; mobile and online banking; fraud, risk management, and compliance; card and retail payment; electronic funds transfer and network; wealth and retirement; and item processing and output solutions.